Crypto Banter Signals
ETH: The price is trying to start a wave (C) rally from here. The trend line already got broken. A break above $3,415 does more clearly indicate that wave 3 of (c) is unfolding. For now, the support zone could easily be tested again, and it is still defined between $3,278 and $3,355. If this micro structure is correct, then ideally, the wave 2 low at $3,362 is holding.
ETH: The price is trying to start a wave (C) rally from here. The trend line already got broken. A break above $3,415 does more clearly indicate that wave 3 of (c) is unfolding. For now, the support zone could easily be tested again, and it is still defined between $3,278 and $3,355. If this micro structure is correct, then ideally, the wave 2 low at $3,362 is holding.
Crypto Banter Signals
DOGE: It takes a break above resistance to indicate that wave b has already formed a low. At the moment at least one more low is preferred in wave (5), which is in line with Bitcoin´s structure. The micro structure is not very reliable, and it is also possible that wave (3) is still unfolding.
DOGE: It takes a break above resistance to indicate that wave b has already formed a low. At the moment at least one more low is preferred in wave (5), which is in line with Bitcoin´s structure. The micro structure is not very reliable, and it is also possible that wave (3) is still unfolding.
Crypto Banter Signals
BTC: It seems as if a top of sorts is in place. If the pullback is corrective and can hold above the 78.6% retracement of yellow wave 1, which is located at $60,327, then a third wave could take the price higher. However, a break below $60,327 will indicate that wave (5) of c in the white scenario is unfolding. In this case, $59,345 is the relevant support level.
BTC: It seems as if a top of sorts is in place. If the pullback is corrective and can hold above the 78.6% retracement of yellow wave 1, which is located at $60,327, then a third wave could take the price higher. However, a break below $60,327 will indicate that wave (5) of c in the white scenario is unfolding. In this case, $59,345 is the relevant support level.
Crypto Banter Signals
BTC: The price has nearly reached the 100% extension level at around $64,000. A break below $61,846 would indicate that wave 4 has formed a top in a WXY structure. One more high seems to be missing, if wave 4 unfolds as ABC structure. I am following the white scenario, which allows for one more high, as long as $61,846 support holds. However, risk is increasing in this region, because the price has nearly reached the ideal target. As long as the price holds above micro support, however, we have no confirmed top.
BTC: The price has nearly reached the 100% extension level at around $64,000. A break below $61,846 would indicate that wave 4 has formed a top in a WXY structure. One more high seems to be missing, if wave 4 unfolds as ABC structure. I am following the white scenario, which allows for one more high, as long as $61,846 support holds. However, risk is increasing in this region, because the price has nearly reached the ideal target. As long as the price holds above micro support, however, we have no confirmed top.
Crypto Banter Signals
BONK: The price has formed either a deep wave B or is making another attempt to form a low in wave ii. The price is still in the larger support region with support at $0.x161484. Ideally, to maintain a bullish perspective the $0.x161484 level holds. Below this level, $0.x45383 becomes the next relevant support level in the lower support zone. If the C-wave in white is unfolding, the target zone is defined between $0.x270715 and $0.x315771. If a 5-wave move to the upside forms, I will add the next micro support zone.
BONK: The price has formed either a deep wave B or is making another attempt to form a low in wave ii. The price is still in the larger support region with support at $0.x161484. Ideally, to maintain a bullish perspective the $0.x161484 level holds. Below this level, $0.x45383 becomes the next relevant support level in the lower support zone. If the C-wave in white is unfolding, the target zone is defined between $0.x270715 and $0.x315771. If a 5-wave move to the upside forms, I will add the next micro support zone.
Crypto Banter Signals
GALA: The price has shown an initial reaction to the important 78.6% retracement level, but the reaction is too weak to provide a convincing case for a low to be in place in wave (b). At this stage new lows cannot be ruled out, especially because B-waves sometimes like to retrace below the 78.6% retracement level. I am watching for a first upside impulse.
GALA: The price has shown an initial reaction to the important 78.6% retracement level, but the reaction is too weak to provide a convincing case for a low to be in place in wave (b). At this stage new lows cannot be ruled out, especially because B-waves sometimes like to retrace below the 78.6% retracement level. I am watching for a first upside impulse.
Crypto Banter Signals
AVAX: It is possible that wave ii has formed a low but a break above the upper boundary line of the corrective price channel, followed by a break above the green line at $30 is needed for further evidence. I am cautious because the $18.84 100% extension target has not yet been reached.
AVAX: It is possible that wave ii has formed a low but a break above the upper boundary line of the corrective price channel, followed by a break above the green line at $30 is needed for further evidence. I am cautious because the $18.84 100% extension target has not yet been reached.
Crypto Banter Signals
ADA: Structurally there is no change to the chart. It is possible that the larger wave 2 correction completed on Friday, but it takes the development of 5 waves as per the white scenario for a first confirmation that wave 2 has bottomed. In the short-term, the price reacted to the micro support region and seems to be on its way towards the next overhead resistance area between $0.39 and $0.417.
ADA: Structurally there is no change to the chart. It is possible that the larger wave 2 correction completed on Friday, but it takes the development of 5 waves as per the white scenario for a first confirmation that wave 2 has bottomed. In the short-term, the price reacted to the micro support region and seems to be on its way towards the next overhead resistance area between $0.39 and $0.417.
Crypto Banter Signals
SOL: The price continues to move higher as per the presented micro structure for wave D in this larger triangle pattern. This is a fragile structure because the price is moving in corrective patterns. Wave D could unfold as ABC structure as highlighted in yellow, or as WXY structure, as shown in orange. A break below $134 would indicate that a top of sorts is in place, but for a healthy D-wave the price should reach the $160 area.
SOL: The price continues to move higher as per the presented micro structure for wave D in this larger triangle pattern. This is a fragile structure because the price is moving in corrective patterns. Wave D could unfold as ABC structure as highlighted in yellow, or as WXY structure, as shown in orange. A break below $134 would indicate that a top of sorts is in place, but for a healthy D-wave the price should reach the $160 area.